Thermon Group Says Kevin Fox, Senior Vice President And CFO, Will Be Departing To Pursue Another Opportunity, Effective April 12, 2024
Portfolio Pulse from Benzinga Newsdesk
Thermon Group announced the departure of Kevin Fox, Senior Vice President and CFO, effective April 12, 2024, to pursue another opportunity. The company is searching for a new CFO, considering both internal and external candidates. Greg Lucas, Vice President and Corporate Controller, will serve as the principal financial officer and accounting officer during the transition.
April 03, 2024 | 9:17 pm
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Thermon Group's CFO Kevin Fox is departing, with Greg Lucas stepping in during the search for a new CFO.
CFO departures can lead to uncertainty and potential volatility in a company's stock price. However, the company has a transition plan in place with Greg Lucas assuming temporary responsibilities, which may mitigate immediate negative impacts. The long lead time until the departure also allows for a thorough search for a replacement, potentially reducing long-term risks.
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